The update is available for Apple Watch Series 3 and later models. Users can download it through the Apple Watch app on the iPhone.
Tech giant Apple has released watchOS 8.4 which comes with security updates and a fix for the bug that prevented some Watch series models from charging. According to GSM Arena, the update is available for Apple Watch Series 3 and later models. How to do that? Well, users can doDownload it through the Apple Watch app on the iPhone by accessing the General menu > Software update.
However, it’s important to note that the Apple Watch must have at least 50% battery to install the update, and it must be placed on a charger while within range of the connected iPhone.
According to GSM Arena, in addition to watchOS 8.4, Apple also released the first beta of watchOS 8.5.
The company had also released iOS 15.4 and iPadOS 15.4 for developers yesterday. These builds are now available to people in Apple’s beta program.
Apple posts highest quarterly profit ever, sign it’s got supply crisis under control
(Bloomberg) – Shares of Apple Inc. have gained the most since 2020 after quarterly results beat Wall Street estimates, marking a victory against a supply chain crisis fueled by the pandemic and supply shortages. fleas.
Sales soared 11% to a record $123.9 billion in the fiscal first quarter, the company said Thursday. Analysts had predicted $119.1 billion on average. Earnings also beat forecasts, and the company predicted sales would rise by a double-digit percentage in the March quarter.
The stock rebounded 7% to $170.33 on Friday on the news, marking the biggest one-day rise since July 31, 2020, which followed another successful quarter.
Apple’s surprisingly strong results suggest fears of a supply disruption were overblown. Apple CEO Tim Cook warned late last year that shortages could cost the company more than $6 billion in sales during the all-important holiday season. But the tech giant weathered the crisis and benefited from a flood of new products, including the iPhone 13, Apple Watch Series 7 and updated Macs.
However, Apple could be one of the first outliers in solving supply chain problems, thanks in part to its dominant position in obtaining parts from suppliers. A resurgence of Covid 19, soaring shipping costs and labor shortages continue to strain the global supply chain.
STMicroelectronics NV, which counts Apple among its top customers, said on Friday it expects no respite from the chip shortage until 2023. The Biden administration has also said the global semiconductor shortage will persist at least until in the second half of this year.
Wall Street was broadly pleased with Apple’s results and its ability to navigate the supply chain crisis while introducing a flood of new products.
The earnings report “highlights the strength and rigidity of Apple’s ecosystem,” Morgan Stanley’s Katy Huberty said in a note to clients. She reiterated Apple as her top pick for 2022.
Before Apple’s earnings release on Thursday afternoon, its shares had fallen 10% this year, hurt by a broader slowdown. The stock has gained 34% in 2021.
Investors have looked to Apple for reassurance after a recent rout in tech stocks. Concerns about slowing sales and looming interest rate hikes have made the sector less attractive over the past month, with Apple itself suffering from the pullback. After surpassing a market value of $3 trillion in early January, Apple is now worth less than $2.8 trillion.
Earnings for the Cupertino, Calif.-based company hit $2.10 a share in the first quarter, which ended Dec. 25, well above analysts’ estimate of $1.90.
In a conference call, Apple executives said supply chain constraints would ease further in the March quarter, with its growth rate slowing both for all activities and for the services segment. Apple didn’t give a specific sales target, beyond saying it would be a record for the period. Analysts predict revenue will reach $90 billion. Gross margin will be 42.5% to 43.5%, Apple said.
The company also said there are now 1.8 billion Apple devices currently in use, up 300 million from two years ago. And it has 785 million Apple and third-party payment subscriptions on its platform, up from 745 million in the previous quarter.
The company generated $71.6 billion in revenue from its flagship iPhone, beating Wall Street estimates of $67.7 billion. This is an increase of 9.2% compared to the quarter of the previous year. The sales period represented the first full quarter of iPhone 13 revenue. On the company’s earnings call, Cook said the entire iPhone 13 series contributed to the strong growth and declined. to clarify whether the Pro models performed better than the cheaper versions.
The phone went on sale in September, several weeks earlier than the iPhone 12 in 2020. Although the iPhone 13 was seen as a modest update, users looking to upgrade to 5G service were still clamoring for the device.
Supply constraints hitting the iPhone 13 lineup and other new products, including the latest Macs and Apple Watch, have caused shipping delays of weeks. In Apple’s previous earnings report, the company said the problems cost it $6 billion in sales – and warned the holiday quarter would be even worse.
In this context, the results have relieved investors. But all was not rosy: sales of the iPad were lower than expected. The company said after its previous quarter that supply issues particularly hit this product. Japan was also a weak point in the last quarter.
The iPad brought in $7.25 billion in the first quarter, against an estimate of $8.1 billion. The company rolled out the biggest iPad mini update in product history and a minor refresh to its lowest-priced tablet during the quarter, but struggled to secure enough supply in the market. Chief Financial Officer Luca Maestri said iPad shortages in the quarter were “pronounced,” and Cook said some of the constraints were due to Apple reassigning key components to the iPhone.
“This is our eighth quarter results in the shadow of the pandemic,” Cook said, “and while I can’t say it’s getting any easier, I can say I’m incredibly proud of the way which our teams have come together.”
Apple generated $19.5 billion in services revenue in the first quarter, beating Wall Street expectations of $18.6 billion. The category grew 24% year-over-year on strong sales of App Store, Apple Music and iCloud subscriptions. Apple said earlier this month that developers generated about $60 billion from the App Store in 2021, but did not share specific App Store revenue for the company.
The apparel, home and accessories division – a unit that includes the Apple Watch, Apple TV, AirPods, Beats headphones, HomePod and other items – produced $14.7 billion in course of the quarter. That was up 13% from a year earlier and above the average estimate of $14.2 billion. The category was boosted by the launch of new AirPods headphones towards the end of 2021 after not getting a similar upgrade in 2020. The Apple Watch Series 7, however, faced a release delay and significant shortages.
The company also reported about $10.9 billion in Mac sales, beating the estimate of $9.5 billion. This is up 25% from the period a year ago. Apple launched a new MacBook Pro during the quarter that was well received by consumers and reviewers. Maestri said the majority of new Macs sold now have Apple-designed chips, rather than parts from Intel Corp.
The coming year could be even more important in terms of new products. Apple is planning its widest lineup of launches ever, including a new iPhone SE and iPad Air with 5G as early as this spring, Bloomberg reported. There could also be updated Apple Watches, four new iPhones, and several Macs coming in the fall.
During the call, Cook was asked for his thoughts on the so-called Metaverse – a concept promoted by Facebook owner Meta Platforms Inc. and other rivals. Cook responded that Apple is investing heavily in augmented reality and noted that AR apps are already available on the iPhone. The company plans to launch a mixed augmented and virtual reality headset next year, Bloomberg reported.
“We see a lot of potential in this space and are investing accordingly,” he said.